Media coverage about Blackhawk Network Holdings (NASDAQ:HAWK) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackhawk Network Holdings earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the credit services provider an impact score of 45.4145417450702 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Blackhawk Network Holdings Inc (HAWK) Chaiken Money Flow Indicates Solid Buying Pressure – Evergreen Caller (evergreencaller.com)
- Hornbeck Offshore Services, Inc. (HOS) registers a price change of … – Stocks Gallery (stocksgallery.com)
- MoneyGram-Ant Financial Merger On Track, High Costs Hurt – Yahoo Finance (finance.yahoo.com)
- Blackhawk Network Holdings Inc (HAWK) and Blackrock International Growth and Income Trust (BGY) Seeing Needle … – Evergreen Caller (evergreencaller.com)
- Aug 15, 2017 – Castleark Management Llc Buys XPO Logistics Inc … – GuruFocus.com (gurufocus.com)
Blackhawk Network Holdings (HAWK) opened at 42.70 on Friday. The stock has a 50 day moving average of $43.41 and a 200-day moving average of $40.74. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $46.70. The company’s market cap is $2.42 billion.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The business had revenue of $463.10 million for the quarter, compared to analysts’ expectations of $447.43 million. During the same quarter in the prior year, the business earned $0.13 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts forecast that Blackhawk Network Holdings will post $1.68 EPS for the current year.
A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 target price (up from $49.00) on shares of Blackhawk Network Holdings in a research note on Monday, July 24th. Mizuho reiterated a “buy” rating and issued a $52.00 target price (up from $50.00) on shares of Blackhawk Network Holdings in a research note on Saturday, July 22nd. Finally, Bank of America Corporation lifted their target price on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.14.
In other Blackhawk Network Holdings news, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $43.92, for a total transaction of $111,688.56. Following the transaction, the insider now owns 17,168 shares in the company, valued at approximately $754,018.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David C. Tate sold 18,669 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,212 shares of company stock worth $4,298,465. 3.80% of the stock is owned by company insiders.
About Blackhawk Network Holdings
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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